Alstom reaches agreement to buy Bombardier (updated)

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SAINT-OUEN, France — Rail equipment manufacturer Alstom will acquire Montreal-based Bombardier Transportation in a deal worth 5.8 to 6.2 billion Euros ($6.28-$6.71 billion), Alstom has announced. It is Alstom’s second attempt to grow in an effort to compete with China’s CRRC, the world’s largest manufacturer of rail equipment. A previous attempt to merge with Germany’s […]

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Latest NS locomotive sale includes rare SD80MACs (updated) NEWSWIRE

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Norfolk Southern SD80MAC locomotives are parked at Altoona, Pa., during a business downturn in 2009. NS is looking to sell all 29 of the units. Dan Cupper Following its recent auction of locomotives, including its four Executive F units, Norfolk Southern is continuing to pare its fleet of units that are oddballs, old, or both. […]

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Tri-Rail sets ridership record in 2019 NEWSWIRE

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A Tri-Rail train parallels Interstate 95 as it heads south from West Palm Beach toward Miami. The commuter railroad set a ridership record in 2019. TRAINS: David Lassen MIAMI — The Miami-area Tri-Rail commuter service set a ridership record in 2019, carrying 4,495,039 passenger, the South Florida Regional Transportation Authority announced last week. The figure […]

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CP CEO says he’s OK with US investors pushing for high performance and short-term goals NEWSWIRE

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CORONADO, Calif. — Canadian Pacific CEO Keith Creel spoke for nearly an hour Monday as the keynote speaker at the NRC Conference. In addition to his remarks on mergers and Precision Scheduled Railroading, he also touched on a number of other topics. — Creel said that while railroading might eventually see significant savings through adoption […]

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Union Pacific shuts down Armourdale Yard in Kansas City, Kan. NEWSWIRE

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Union Pacific OMAHA, Neb. — Union Pacific shut down Armourdale Yard in Kansas City, Kan., last week, shifting its switching work to the adjacent 18th Street Yard. The move, which union officials say affected 20 to 100 jobs, is UP’s latest in the Kansas City area. In October UP closed Neff Yard, its hump yard […]

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